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Lotus Chocolate fiscal Q3 loss narrows YOY

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Lotus Chocolate fiscal Q3 loss narrows YOY

Lotus Chocolate Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to a loss of 6 Indian paise per share, compared with a loss of 60 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 722,500 rupees, compared with a loss of 7.7 million rupees in the year-earlier period.

The normalized profit margin climbed to negative 0.5% from negative 6.4% in the year-earlier period.

Total revenue increased 12.1% on an annual basis to 134.6 million rupees from 120.0 million rupees, and total operating expenses rose on an annual basis to 136.5 million rupees from 131.4 million rupees.

Reported net income came to a loss of 1.3 million rupees, or a loss of 10 paise per share, compared to a loss of 12.3 million rupees, or a loss of 96 paise per share, in the prior-year period.

As of Feb. 12, US$1 was equivalent to 62.20 Indian rupees.